Page 10 - Rbi Monetary Policy

Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs

At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.

RBI monetary policy: Status quo on rates; stance may remain unchanged

Growth-inflation dynamics are shifting slowly, but the RBI may not be in a hurry to act amid too many uncertainties

Inflation rate under outgoing MPC that decided 25 monetary policies

The outgoing MPC was constituted in October 2020 and is now demitting office

Raghuram Rajan opposes excluding food inflation in setting interest rates

Amid suggestions for excluding food inflation while setting benchmark interest rates, former RBI Governor Raghuram Rajan has said that he is against excluding food prices from headline inflation, as it would erode the 'great faith' of people in the central bank, which has been mandated by the government to keep inflation in check. Rajan further said it is best that inflation target a basket which is what the consumer consumes because that affects the consumers perception of inflation and ultimately inflationary expectations. "When I came into office, we were still targeting PPI (producer price index). Now that has no bearing to what the average consumer faces. "So, when the RBI says inflation is low, look at PPI, but if the consumer is facing something very different, then they do not really believe that inflation is down," he told PTI. Rajan was responding to a question on suggestions made in the Economic Survey 2023-24 for excluding food inflation while setting benchmark interest

RBI's MPC to get new external members as current terms expire in October

The RBI MPC consists of six members: three from the RBI, including the governor, and three external members appointed by the government

Key highlights: RBI Monetary Policy Committee keeps repo rate unchanged at 6.5%

On August 8, the RBI's rate-setting panel kept the repo rate unchanged at 6.5%. Governor Shaktikanta Das also announced the revised inflation and GDP projections for FY25.

Is the US heading towards recession? What RBI Governor Shaktikanta Das said

The RBI MPC on Thursday decided to keep its repo rate unchanged at 6.5 per cent for the ninth consecutive time, RBI Governor Shaktikanta Das announced

RBI MPC maintains FY25 inflation forecast, food prices remain a challenge

With food inflation contributing over 75 per cent to headline inflation in May and June and making up 46 per cent of the CPI basket, vegetable prices accounted for 35 per cent of June's inflation

RBI MPC proposes process to speed up clearance of cheques in a few hours

Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours, says RBI Governor Shaktikanta Das

RBI Monetary Policy meet: RBI keeps repo rate unchanged

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on August 8 decided to keep the repo rate unchanged at 6.5% for the ninth consecutive policy review, with a majority vote of 4-2.

RBI shortens frequency of bank reports to credit information companies

Borrowers will have the benefit of faster updation of information, especially when they have repaid the loans

RBI MPC policy: Repo rate in focus; what factors may influence decision?

RBI MPC policy meet: The Reserve Bank of India (RBI) is expected to hold the rate at 6.5 per cent again amid inflationary pressures. However, a cut may be possible going ahead

Stocks To Watch Today, Aug 8: Financials, Real estate, MRF, Marico, NTPC

At 6:50 AM, GIFT Nifty futures were down 179 points, trading at 24,187.5, indicating a negative start for Indian stocks.

RBI Policy: MPC to announce repo rates today. When and where to watch?

RBI MPC meeting: A Business Standard poll earlier indicated that economic experts anticipate that the RBI is expected to maintain this status quo for the ninth consecutive policy review

Nomura eyes three US Fed rate cuts in 2024; RBI likely to go its own way

The brokerage firm in a recent report said that the US Federal Reserve may begin rate cuts as early as next month with a 25 bp cut in September, with following rate cuts in November and December of 25

RBI monetary policy from August 6-8: when and where to watch; more details

According to a poll conducted by Business Standard ahead of the meeting, the central bank is expected to maintain a status quo for the ninth consecutive policy review

No plans to allow business houses to promote banks: RBI Governor Das

Governor Shaktikanta Das on Friday said the Reserve Bank does not have any plan to allow business houses to promote banks at present. Allowing corporate houses to promote banks exposes one to conflict of interest risks and related-party transactions, Das said, speaking at an event organized by the Financial Express here. "At this point, there is no thinking in that direction," Das said, replying to a specific query on whether there is any consideration to allow business houses. The RBI had disqualified a long list of conglomerates from floating a lender in the last round of licensing around a decade ago. The issue was revived again in 2020, with a Reserve Bank of India (RBI) working group supporting it, given the potential to get the capital for helping meet the country's growth aspirations. Underlining that banks are different from other businesses, he said experience worldover has shown potential conflicts of interest and issues relating to related-party transactions, if busines

RBI's rate panelists see growth risks, call for rate cut to sustain economy

The views of the three members show increasing concern among policymakers about momentum in Asia's third-largest economy

Bond investors positioned for India's index inclusion: Morgan Stanley

India's index-eligible bonds have attracted $10 billion since the inclusion was announced in September

RBI monetary policy review: Wait for rate cut, change in stance gets longer

The combination of strong growth and above-target inflation does not make a case for a rate cut and even a shift in the policy stance too soon